Notes to SEFA
Accounting Policies: This schedule includes the federal grant activity of the Housing Authority of the City of Greenwood and is presented
on the full accrual basis of accounting. The information in this schedule is presented in accordance with the
requirements of the Uniform Guidance (Title 2 U.S. Code of Federal Regulations (CFR), Part 200, Uniform
Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards). Therefore,
some amounts presented in this schedule may differ from amounts presented in, or used in the preparation
of the basic financial statements. The Authority has not elected to use the 10% deminimis cost rate.
De Minimis Rate Used: N
Rate Explanation: The Authority has not elected to use the 10% deminimis cost rate.